TSMC Monthly Sales Rise 56% as Chip Giant Weathers Tech Slowdown
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Taiwan Semiconductor Manufacturing Co. posted a 56% increase in sales for October, signaling the world’s largest contract chipmaker continues to weather a broader slowdown in electronics demand.
Revenue rose to NT$210.3 billion ($6.6 billion) from NT$134.5 billion a year earlier, the company said Thursday in a statement. Year-to-date sales at TSMC, which benefits as the Taiwanese dollar depreciates, have risen 44%.